United states housing bubble

The Republic of Djibouti is on any measure one of the most stable countries in eastern Africa. There are no known Islamic radicals here and, unlike its immediate neighbor Somalia and Yemen across the Bab el-Mandeb Strait, it is not plagued by a vicious civil war. The 1998-2018 war between Ethiopia and Eritrea, two other next door countries, significantly did not spill over into Djibouti. The dailyReport Must-reads from across Asia - directly to your inbox It has a French-style judicial system and a popularly elected National Assembly. Ismail Omar Guelleh has been the small country’s elected president since 1999 and he appears to be firmly entrenched in power. Djibouti’s currency, the franc, is freely convertible and the country has adequate financial services with seven for-profit banks and four Islamic ones — more than enough for the needs of foreign investors and its less than a million inhabitants. With all that, combined with Djibouti’s strategic … [Read more...] about Risks bubbling beneath Djibouti’s foreign bases

caption Steve Eisman. source REUTERS/Brendan McDermid Steve Eisman: “Deutsche Bank has real profitability issues… they’re probably under capitalised, I think they’re probably raising capital next year… it has to shrink dramatically.” Eisman is famous for betting against the US housing market in the run-up to the 2008 subprime mortgage crisis. LONDON – The hedge fund manager famous for betting against the United States housing market in the run-up to the 2008 financial crash says Deutsche Bank is “a problem bank” that must “shrink dramatically. Speaking to Bloomberg TV, Steve Eisman said: “Deutsche Bank has real profitability issues, they haven’t spent money on technology in a long time, they’re probably under capitalised, I think they’re probably raising capital next year. “Deutsche Bank is a problem bank, I think … [Read more...] about The man who called ‘The Big Short’ says Deutsche Bank is a ‘problem bank’

By SHEERA FRENKEL The New York Times DAISUKE WAKABAYASHI Tues., Feb. 20, 2018 SAN FRANCISCO—One hour after news broke about the school shooting in Florida last week, Twitter accounts suspected of having links to Russia released hundreds of posts taking up the gun control debate. The accounts addressed the news with the speed of a cable news network. Some adopted the hashtag #guncontrolnow. Others used #gunreformnow and #Parklandshooting. Earlier on Wednesday, before the mass shooting at Marjory Stoneman Douglas High School in Parkland, Fla., many of those accounts had been focused on the investigation by special counsel Robert Mueller into Russian meddling in the 2016 presidential election. “This is pretty typical for them, to hop on breaking news like this,” said Jonathon Morgan, chief executive of New Knowledge, a company that tracks online disinformation campaigns. “The bots focus on anything that is divisive for Americans. Almost … [Read more...] about Russian bots pounce after Florida school shooting to inflame gun control debate

'Sell your house and buy stocks," a banker told Spectrum over dinner a few months ago. "If you buy some of the IPOs or stocks that are in vogue in the Thai market, you will not regret it, because you'll soon be able to buy a better house and still have some cash left over."The banker was not literally telling laymen like us to sell the roofs over our heads, but was rather making a comment on what was happening on the Stock Exchange of Thailand (SET).The SET, which has more than 800 companies listed, rose by 13.7% last year after having risen by more than 20% during 2016.Thailand's SET has been on a bull run for a few years thanks to the influx of funds, mostly from domestic investors, and this is expected to continue at least for the near future.Meanwhile, the smaller bourse -- the Market for Alternative Investments (MAI) -- slipped by 12.3% during 2017, although some companies listed on the MAI saw heavy trading and sharp increase in their share prices.Last year was a good one for the … [Read more...] about Beware of the bull

Anyone who’s had to find a new place to live understands how daunting it can be.Searching for a convenient location, setting up viewings, sifting through paperwork and considering your budget take time and effort.It gets even more complicated when landlords don’t want tenants of your ethnicity – and you can’t even get a viewing.In Malaysia, people of African and Indian descent suffer most when it comes to racism in the property market.In June 2016, residents at a condominium complex in Cheras, a municipality outside Kuala Lumpur, made headlines when they put up a banner encouraging landlords to “say no to African people”.The bright red banner also bore the image of a dark-skinned man with a large yellow X across his face.It read: “ATTENTION! All homeowners and property agents: In accordance with our Internal Housing Law [House Rule Para 20.2(b)], no Africans shall be permitted to rent premises in Pangsapuri Waja with immediate effect”.The … [Read more...] about Racism in Malaysia’s housing market: how landlords get away with barring African and South Asian tenants